Privia Health Q1 revenue +7.5% to $415M; GAAP net income down 59% but adjusted EPS up 12.5%

Privia Health Group, Inc.

2024-Q1 EPS reported $0.02 revenue$415,243,000

Revenue $415.2M (+7.5% YoY); Practice Collections +7.4%; Implemented Providers +17.3%.
GAAP net income $3.0M ($0.03 EPS) vs $7.3M ($0.06 EPS) in Q1'23; includes $11.9M stock comp.
Non-GAAP adjusted net income $22.5M ($0.18 EPS) vs $19.3M ($0.16 EPS), +16.6% and +12.5% per share.
Operating income fell 87.7% to $0.8M from $6.7M year-over-year.
Company reiterated full year 2024 guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Privia Health Group, Inc. reported the first quarter ended March 31, 2024 results: revenue $ 415.2, net income $ 3.0, EPS $ 0.03. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $ 415.2
Net income: $ 3.0
EPS: $ 0.03
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Privia Health Reports First Quarter 2024 Financial Results – Practice Collections +7.4% compared to 1Q’23 – Implemented Providers +17.3% compared to 1Q’23 – Company Reiterated Full Year 2024 Guidance ARLINGTON, VA – May 9, 2024 – Privia Health Group, Inc. (Nasdaq: PRVA) today announced financial results for the first quarter ended March 31, 2024. For the Three Months Ended March 31, ($ in millions, except per share amounts) 2024 2023 Change (%) Total revenue $ 415.2 $ 386.3 7.5 % Gross profit $ 93.4 $ 83.0 12.5 % Operating income $ 0.8 $ 6.7 (87.7) % Net income a $ 3.0 $ 7.3 (59.3) % Non-GAAP adjusted net income b $ 22.5 $ 19.3 16.6 % Net income per share $ 0.03 $ 0.06 (50.0) % Non-GAAP adjusted net income per share $ 0.18 $ 0.16 12.5 %

View on SEC.gov

1052 earnings releases filed in the last 30 days. Browse all earnings releases →

Privia Health Group, Inc. filing history →

Source: SEC EDGAR

accession 0001759655-24-000050

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.